The times. (Owosso, Mich.) 1882-1897, 1887-12-09
HERES RICHNESS"
Mint Director Ki,hpai; Tells of the Coun-
try's Gold and Silver.

try's Gold and Silver.
WASHINGTON CITY, Nov. @-Dr. James
r. Kimbail, the director of the mint, in his
annual report for the fiscal year ended June
30, 1897, says the value OF the gold deposited
at the nints aud assay offices during the
year was S6S, 223, 073. Ii addition, there
were redeposlts of the value of SIS, 1913, 706.
maxi z he total value of the gold deposited
$si 4O6 40 against $40, J06, 534 in 1856 The
value ~ tie silver deposited and purchased
was S47, iji YlS In addition, there were re-
depo,is OF silver amounting to S462, ll3,
making the total value of the silver depos-
tied and purchased, calculated at the coin
ing rate, $4S, 2l9, OBJ, against $37,9l1, OaG in
th" preceding year. or the gold deposited,
So pa, 027 was OF domestic production, ST.
51I ,3:S OF foreign gold bullion. 81, 500, 5,2 OF
foreign gold coin, $5I6. 1854 of United States
gold coin and g., 2t5, 40 of old material.
The coinage OF the year aggregated in
round numbers 81: $40. 000 in gold pieces,
S3i, 250. O0O IN SILVER, and Ill 900, 900 in minor
com The total coinage aggregated $57, 1O3.-
Alb. In addition to the coinage soc, 900, 0U0
worth of gold and 1000, 900 OF silver bars
were manufactured.
The silver bullion purchased during the
year for silver dollar coinage was $50, 43J, =
3l2. The average cost was %. cents per
fine ounce. The average London price for
the year was 9S. IA cents per ounce A de-
cline in the price of silver. commencing in
April, 1856, continued until August, when it
reached pence. The price commenced to
advance in August, 1855, and continued, with
si ht fluctuations, until it reached its high
est point on Jan. rs, 1887, 4.1s pence, equiv
alent to $l.O33 per ounce fine. Another de-
cline commenced in January, continuing UNI
til June, the average price for the latter
being 96.4 cents per ounce fine. The price on
Nov. l, 1887. was &c 3 cents per ounce fine.
During the year So, 26C, S3l standard silver
dollars were coined; l00Ol 92S were distrib-
utcd from ihs mints and IL, 500, 900 trans
ferrei to the treasury. The seiginorage on
the silver dollars coined during the year was
81, 1928, a5s, aud on the subsidiary silver ISL, =.
704. The seigniorage OH the coinage Of silver
from July J., 1878, to June 80, 1887, was $50
057, SOD
The number of trade dollars redeemed I'M
der the law authorizing their redemption was
1889, C31 The trade dollars redeemed have
all been transferred to the mints or the assay
office at New York and melted into bars
ready for coinage. The expenditures for the
service of the minis and assay offices during
the year was 81, lS9, 51y The total earnings
from all sources amounted to 80, Si2, $40, and
the total expenses and losses Of all kinds to
81, 49,, 49,. The value of the gold and silver
bars issued from the United States assay Of
flee at New York and the mint at Phila-
delphia for use in the industrial arts during
the year was s., sos, 7i0 gold, and S4,47l ,646
silver. Gold coin and bullion exports during
the year aggregated 81, FOL, 1877, while imports
reached S42, 0l0,G0l. Silver bullion and coin
exports aggregated $50 :06, 504, and imports
reached Sl1.26D, l3l.
The director estimates the stock OF coin in
the United States to have been on July |,
1857: Gold S5G9, 0CS, Cos; silver, S342, $751; DIG;
total, SOL !, 545 9S. In addition, there was
bullion in tho minis as follows: Gold, Se5,-
5l2, 270; silver, Sl0 455 650 total, $685. 9G7, 92O
This, added to the stock of coin, gives as the
total metallic stock on July !. 1881: Gold,
1854, $50 So; silver, 1852, $685. 500; total, 81
O07, 5l3,0Jl.
The director estimates the stock OF gold
and silver coin in the United States on Nov.
|, 1887, to have been: Gold, S57I, 02i, S1i; sill
yer dollars, 71,1l0, 1871; subsidiary silver,
S75, 75s, 1856; total coin, 1927, 796,2l6.
Revised estimates of the production OF gold
and silver in the world for the calendar
years 1888, 1884, 1885 AM 1886 are prese nted
ns follows: 1SS3-Gold S95 3J?, 900; silver,
$lI5,CoS,00l 1sS4-Gold, SOL, G94 900; sill
yer, $ll6, 5,j4 ,0J0. lSS5-Goid, $l02, 915, 600;
silver, Sl27, 257, 900 1SS-Gold, 1901, Oo0;
silver, $3.50, 3S3,0oo.